Quantlytica announces detailed economics of QTLX tokens

Source: Quantlytica; Compilation: Wuzhu, bitchain vision

We created Quantlytica to fill gaps in DeFi engagement with the goal of achieving decentralization, equity, liquidity and scalability.

Our approach integrates strong governance and financial incentives to promote active participation and coordination among all stakeholders.QTLX tokens are at the heart of this strategy, which facilitates secure transactions and stabilizes the platform.This comprehensive framework is designed to ensure that Quantlytica not only meets but advances the needs of the community, driving growth and success in the DeFi sector.

QTLX Token Allocation

Now, the importance of decentralized governance is more obvious than ever, and Quantlytica takes our responsibility very seriously when it comes to distributing QTLX governance tokens.The QTLX community remains our top priority.

We are pleased to outline our plans to distribute QTLX governance tokens.As we continue to evolve and expand, we will provide more detailed updates on the new features.

Overall situation

The initial total supply of QTLX is 100 million (100,000,000).The token allocation details are as follows:

The practicality of QTLX

veQTLX is an integral part of Quantlytica DAO, with a number of key features designed to reward liquidity contributors and attract long-term supporters to participate in Quantlytica’s governance.veQTLX transforms QTLX into a productive asset.It will have the same three main use cases as CRV – voting, staking, and promotion.

How veQTLX works

Save 1 QTLX to get 1 veQTLX.
veQTLX is non-transferable and tradeable.
Fee Allocation: veQTLX holders are entitled to share up to 50% of the platform’s revenue, see the Fee Allocation section for details.
Governance Engagement: QTLX and veQTLX holders gain governance rights, affecting the evolution of platform functionality and making key decisions.
Exclusive access: QTLX and veQTLX holders have access to advanced features, including custom policy design and advanced features.
Discount Service Fee: Quantlytica’s main fee structure is to require users to purchase CREDIT first and then start their journey.Compared to USDT, QTLX can be used to purchase CREDIT at a discounted price.
API Usage: Our API is open to third parties and allows them to access and use all Quantlytica’s data without registering.Compared to USDT, QTLX can be used to purchase request quantity at a discounted price.
Fund Manager Rewards: DeFi projects designed to increase TVL or protocol usage must provide $QTLX tokens as rewards to incentivize participation.

Repurchase and destroy

To increase the value of stakeholders and ensure the stability of QTLX tokens, Quantlytica promises to spend 20% of its monthly revenue on repurchase and destruction strategies.This will systematically reduce the supply of QTLX tokens, potentially increasing their rarity and value.We will do these operations transparently and regularly inform the community of the process.This policy reflects our dedication to sound financial practices and our goal of developing a strong, sustainable ecosystem for Quantlytica users.

Future utility of the second phase

Insurance: Compared to traditional USDT payments, QTLX tokens offer an option to purchase earning loss insurance at a lower price.This advantage allows token holders to protect their investments on the Quantlytica platform to reduce potential financial risks at a more affordable cost.

Data Analytics Services: QTLX will also be accepted as payment for institutional and individual proprietary market analytics, data insights and push notifications.

Duo Token Design

To coordinate incentives and maximize user engagement while minimizing QTLX token dilution, Quantlytica has launched the “Flyer Token” (Symbol: FLY) as a supplemental token system.The Flyer Token is modeled on the concept of “mileage and points” and aims to reward our most active users and contributors to the ecosystem.

The main features of Flyer Token (FLY):

Stable value:In the Quantlytica platform, each FLY is linked to a constant value of 1 USDT, ensuring reliability and stable practicality.
Main uses:Flyer tokens can be used to offset subscription-related fees, benefiting users directly by reducing out-of-pocket fees.
Users can destroy their Flyer tokens to share the monthly QTLX released.More details can be found in the Flyer Token Mining section.
Not tradeable:Flyer tokens are unique to the Quantlytica platform; they cannot be transferred or traded on the secondary market.
Unlimited supply:While FLY’s supply is unlimited, its issuance and practicality are carefully managed to maintain an ecological balance.
Multi-chain:FLY tokens will be available on every chain supported by the Quantlytica protocol.For example, if you receive a reward on Arbitrum, you will receive Flyer tokens on Arbitrum, and likewise, you will receive Flyer tokens on Ethereum.Quantlytica will work with Chainlink to provide an official bridge for Flyer Tokens to transfer between supported chains.This ensures that users can enjoy seamless asset management and collect rewards across multiple chains safely and efficiently.

How to get Flyer tokens:

Airdrop based on volume:High volume traders and TVL contributors on Quantlylica will receive Flyer points/Flyer tokens as an incentive to continue using the platform and save on service costs.
Recommended plan:Users who invite new members to join Quantlytica will receive Flyer points/Flyer tokens to promote community development and active participation.More details can be found in the Recommended Programs section.
Vulnerability Bounty and Contributions:Users who report vulnerabilities, suggest valuable improvements, or design future strategies that benefit the platform will receive FLY token rewards.
Cross-chain bridge:Users can freely bridge their Flyer tokens on any blockchain supported by Quantlytica using our official bridge powered by Chainlink.This feature provides flexibility and allows users to optimize their earnings based on their personal investment strategies.

In summary, the Flyer Token system is a strategic initiative aimed at increasing user engagement and loyalty while providing sustainable mechanisms to reward and appreciate the active participation and contribution of the user base.